Seth Godin’s remind me an important aspect that I really need to consider before we move forward with our family business. He called it the Buffet Dillemma.

Any decent buffet has foods that please 85% of the population. Meats, cheeses, potatoes… the typical fare.

Once your business hits a natural plateau, it’s tempting to invest in getting more people to come. And what most buffets do is double down. Now, they have bacon, plus they have beans with bacon and turkey-wrapped bacon. Now, instead of one chocolate cake, they have three.

This is essentially useless. You haven’t done anything to grow your audience. The base might be a little more pleased, but not enough to bring in any new business. And the disenfranchised (the vegans, the weight watchers, the healthy eaters, the kosher crowd) remain unmoved and uninterested. And one person like this out of a party of six is enough to keep all six  away.

So, there are two ways to go. Much deeper, or a bit wider

Let’s extend the question: which one do you think better? deeper or wider? and why?

Share

Post a Comment

*
*